DOW JONES giving a buy opportunity on this correction.

Dow Jones / US30 pulled back today and remains under its 1day MA50 for 20 days straight.

Despite this weakness, this is technically a bottom formation of the Channel Up.

As long as the 1day MA200 holds, the long term trend is bullish.

Technically, it is similar with the Channel's first correction, which also pulled back by almost -7%.

The 1day RSI is printing the same bullish divergence as then, which cause the price to rebound immediately and hit Resistance A.

Buy and target 45000.


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